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INOX GREEN ENERGY Gains 6%; BSE OIL & GAS Index Down 0.2%
Wed, 18 Sep 11:24

INOX GREEN ENERGY Gains 6%; BSE OIL & GAS Index Down 0.2%Image source: Nikada/www.istockphoto.com

INOX GREEN ENERGY share price has zoomed 6% and is presently trading at Rs 219.4.

Meanwhile, the BSE OIL & GAS index is at 30,733.6 (down 0.2%).

Among the top gainers in the BSE OIL & GAS index today are Reliance Ind. (up 0.5%) and GAIL (up 0.2%).

ONGC (down 0.9%) and Indraprastha Gas (down 0.6%) are among the top losers today.

Over the last one year, INOX GREEN ENERGY has moved up from Rs 67.0 to Rs 219.4, registering a gain of Rs 152.4 (up 227.7%).

On the other hand, the BSE OIL & GAS index has moved up from 19,278.9 to 30,733.6, registering a gain of 59.4% during the last 12 months.

The top gainers among the BSE OIL & GAS index stocks during this same period were HPCL (up 138.5%), BPCL (up 88.0%) and IOC (up 83.8%).

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What About the Benchmark Indices?

The BSE Sensex is at 83,262.4 (up 0.2%).

The top gainers among the BSE Sensex today are Bajaj Finance (up 2.6%) and HDFC Bank (up 1.6%). The most traded stocks in the BSE Sensex are NTPC and SBI.

In the meantime, NSE Nifty is at 25,458.9 (up 0.2%). Shriram Transport and Bajaj Finance are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 83,262.4, registering a gain of 15,665.6 points (up 23.2%).

INOX GREEN ENERGY Financial Update...

INOX GREEN ENERGY net profit fell 77.1% YoY to Rs 9 million for the quarter ended June 2024, compared to a profit of Rs 41 million a year ago. Net sales declined 10.1% to Rs 509 million during the period as against Rs 566 million in April-June 2023.

For the year ended March 2024, INOX GREEN ENERGY reported 164.1% increase in net profit to Rs 298 million compared to net loss of Rs 465 million during FY23. Revenue of the company fell 10.4% to Rs 2,243 million during FY24.

The current Price to earnings ratio of INOX GREEN ENERGY, based on rolling 12 month earnings, stands at 337.2.


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